GST Fraud Worth Over Rs 2000 Cr Busted In Odisha, 2 Arrested

The Police officials busted a huge GST fraud racket that was operating in many states including in Odisha and involved in over Rs 2000 Crore fraud.

One accused, a Chartered Accountant Amit Agrawal was arrested from Jharsuguda while his associate Satinder Kumar Yadav was caught from Bhubaneswar.

As per reports, the accused have made fraudulent transactions of over Rs 323 Crore under ITC and Rs 1819 Crore under fake-cell transactions. The fraud caused a loss to the tunes of Rs 58.14 Crore to the State exchequer.

The case came to the fore after a GST enforcement team apprehended a truck during a routine checkup. The racket was active in West Bengal, Delhi, Jharkhand and Chhattisgarh as well.

Informing about the catch, the GST Commissioner Sushil Kumar Lohani said, "We will make all the efforts to deny them bail in this connection."

Sources said, the accused used to float fake companies by using identity cards of sweepers and workers. They even tried to dupe the government by making a playing field his own through fake documents.

It is pertinent to mention here that the State GST enforcement wing on August 5 had arrested one of the masterminds involved in the fake invoice racket to the tune of Rs 641 crore.

The accused trio had allegedly generated fake invoices of Rs 641 crore against fictitious firms and availed input tax credit of Rs 115 crore, said an official statement issued by the Commissionerate of Commercial Tax and GST, Cuttack.